The first of two auctions scheduled to liquidate 38 Studios’ modest physical assets, the Oct. 16 sale outside Baltimore saw approximately 950 items purchased, including furniture, computers, video-game consoles and other trappings of the defunct game-maker, Receiver Richard land said in a news release.

The most valuable item sold was a video animation suit, which went for $9,500.

More than 300 people showed up for the Maryland auction and another 200 registered to bid online.

The proceeds of the auction will go to offset 38 Studios’ $150 million in outstanding debt, with the majority going to the state of Rhode Island to offset the liability of a $75 million loan guarantee made granted the company in 2010.

An auction of 38 Studios’ items at its Rhode Island headquarters is scheduled for Tuesday, Oct. 23 at One Empire Plaza, Providence.

“In my experience, Monday’s auction can be considered robust,” Land said in the news release. “Having this many bidders helps to extract greater value for the property.”

A sale of 38 Studios intellectual property is expected in to be held in three months.

Get the most up-to-date data on the Rhode Island and southern Massachusetts business community from the PBN List Center. Download and purchase PBN Lists as well as the complete Book of Lists in Excel format.